Midday update for EUR USD 30/05/2013

Economies.com
2013-05-30 10:24AM UTC

The pair resumes the positive trading surpassing 1.2970 barrier, and as we mentioned this morning, a confirmed breach for this level with a daily close above it will activate the positive effect of the bottoms formation which appears in the image.

 

So far, our morning overview remains valid unless we witnessed a daily close above 1.2970

 

Expected trading range for today is between: 1.2750 support and 1.3045 resistance.

 

Expected trend for today: Bearish

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